Kkalpana lndustries (India) Ltd (526409) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 526409 | NSE: | Plastic Products | Small Cap

Kkalpana lnds. (I) Share Price

10.08 0.13 1.31%
as on 05-Dec'25 15:23

Kkalpana lndustries (India) Ltd (526409) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 526409 | NSE: | Plastic Products | Small Cap

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Kkalpana lndustries (India) stock performance -

Key Ratios
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P/E Ratio (SA):
85.33
Market Cap:
93.6 Cr.
52-wk low:
9.6
52-wk high:
18.4

Is Kkalpana lndustries (India) Ltd an attractive stock to invest in?


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10 Year X-Ray of Kkalpana lnds. (I): Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kkalpana lndustries (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.5%14.8%15.7%20.1%16.8%14.3%1.2%11.9%7.5%5.9%-
Value Creation
Index
-0.30.10.10.40.20.0-0.9-0.2-0.5-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,8581,9501,7282,0091,7621,55040.227262.140.533
Sales YoY Gr.-5%-11.4%16.3%-12.3%-12%-97.4%577.8%-77.2%-34.8%-
Adj EPS 2.82.21.92.12.81.80.40.30.1-0.10.1
YoY Gr.--23%-12.4%11%30.2%-35.1%-76%-37.2%-81.5%-300%-
BVPS (₹) 25.729.131.433.936.839.13.63.83.83.94
Adj Net
Profit
26.620.51819.925.916.942.60.5-11
Cash Flow from Ops. 87.383.320417283.928.25-4.21.913.1-
Debt/CF from Ops. 4.24.21.10.81.23.93.8-11.122.21.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -34.6%-53%0.3%-34.8%
Adj EPS -169%-151.5%-161.5%-300%
BVPS-18.9%-36.2%2.8%1.8%
Share Price -10.8% -11.9% -9.1% -45.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
11.27.96.36.57.84.727.41.4-2.73.1
Op. Profit
Mgn %
4.94.85.55.14.34.1-0.4-1.3-14.8-13.9-29
Net Profit
Mgn %
1.41.1111.51.110.10.90.8-2.43.4
Debt to
Equity
1.51.30.80.40.30.30.61.31.20.70
Working Cap
Days
103941171001001212,79841216311161
Cash Conv.
Cycle
6778968183942,1022413019577

Recent Performance Summary

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Latest Financials - Kkalpana lndustries (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 0
TTM Sales (₹ Cr.) 33.1 66
BVPS (₹.) 4 0
Reserves (₹ Cr.) 19 16
P/BV 2.51 0.00
PE 85.33 450.01
From the Market
52 Week Low / High (₹) 9.57 / 18.36
All Time Low / High (₹) 0.02 / 63.00
Market Cap (₹ Cr.) 93.6
Equity (₹ Cr.) 18.8
Face Value (₹) 2
Industry PE 38.6

Management X-Ray of Kkalpana lnds. (I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Kkalpana lnds. (I) - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Event Update

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Analyst's Notes

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No data found!

Key Ratios of Kkalpana lnds. (I)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,857.711,950.081,727.582,009.031,762.211,549.9940.16272.2162.0940.50
Operating Expenses 1,767.331,857.481,632.511,907.561,688.031,486.7340.31276.7371.2946.13
Manufacturing Costs36.5226.8429.1039.6640.4632.417.636.939.405.83
Material Costs1,656.091,730.521,509.931,755.161,530.961,344.0325.53261.3949.5130.67
Employee Cost 19.4322.1227.6541.6838.9931.5143.916.545.85
Other Costs 55.297865.8371.0777.6278.773.174.495.843.79
Operating Profit 90.3892.6095.07101.4774.1863.26-0.15-4.52-9.20-5.63
Operating Profit Margin (%) 4.9%4.7%5.5%5.1%4.2%4.1%-0.4%-1.7%-14.8%-13.9%
Other Income 18.8711.8411.9612.8713.7115.356.3114.9718.9112.12
Interest 51.0553.9855.2757.4445.4135.640.345.595.363.38
Depreciation 14.4913.1417.2616.4712.1512.452.952.462.912.41
Exceptional Items -26.690000000-0.840
Profit Before Tax 17.0337.3234.5040.4230.3330.522.882.410.600.69
Tax 5.6311.0412.5314.81-0.318.11-2.420.510.380.01
Profit After Tax 11.3926.2821.9725.6230.6422.415.301.900.220.69
PAT Margin (%) 0.6%1.3%1.3%1.3%1.7%1.4%13.2%0.7%0.4%1.7%
Adjusted EPS (₹)1.22.82.32.73.32.40.60.20.00.1
Dividend Payout Ratio (%)0%0%10%9%4%8%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 243.29274.01295.80318.53346.28367.7033.6435.6935.9336.59
Share Capital 18.8118.8118.8118.8118.8118.8118.8118.8118.8118.81
Reserves 224.47255.19276.99299.72327.47348.8814.8216.8817.1217.78
Minority Interest0000000000
Debt333.37332.35209.30120.5884.77108.5818.6846.1341.7625
Long Term Debt71.3266.5164.8950.3035.8923.0718.6846.1341.7625
Short Term Debt262.05265.84144.4170.2848.8885.520000
Trade Payables133.94147.28267.92290.03206.16319.452.641.071.010.55
Others Liabilities 68.2768.4263.3174.5768.6445.3417.3414.107.3910.23
Total Liabilities 778.87822.05836.32803.72705.85841.0772.299786.0972.37

Fixed Assets

Gross Block296.43224.46261.43289.41304.63294.3935.5041.1138.9838.41
Accumulated Depreciation90.4113.1429.9946.3957.3466.764.376.998.9511.31
Net Fixed Assets 206.03211.32231.43243.02247.29227.6331.1334.1230.0227.10
CWIP 3.7314.014.100000.0900.080
Investments 2.6115.1815.1815.182.372.362.883.0900
Inventories100.08173.56155.44157.14152.29228.647.777.8814.4715.58
Trade Receivables373.83339.75334.99310.31238.52280.268.3315.138.665.94
Cash Equivalents 27.7815.5916.8816.9215.117.750.2310.765.760.92
Others Assets 64.8152.6478.3061.1450.2894.4321.8626.0127.1022.83
Total Assets 778.87822.05836.32803.72705.85841.0772.299786.0972.37

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 87.3383.30204.11171.8983.9228.184.96-4.161.8813.12
PBT 43.7237.3234.5040.4230.3330.522.882.410.600.69
Adjustment 60.7071.2767.5073.2657.3661.333.278.037.611.08
Changes in Working Capital 12.7-19.85109.9167.624.13-58.742.01-11.7-4.4311.14
Tax Paid -3.09-5.44-7.80-9.41-7.89-4.93-3.21-2.91-1.890.20
Cash Flow From Investing Activity -4.37-36.82-21.15-24.57-0.80-4.81-4.94-6.0933.98
Capex -5.08-40.39-27.57-24.14-4.50-4.82-4.42-5.351.112.75
Net Investments -0.07-0.365.05-1.182.81-0.31-0.52-0.751.891.23
Others 0.783.931.380.760.890.320000
Cash Flow From Financing Activity -91.72-49.69-181.67-147.28-84.93-30.73-0.0420.79-9.89-21.94
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -40.049.38-3.39-16.55-16.59-15.23027.46-4.38-16.76
Interest Paid -51.05-51.56-53.16-55.42-44.73-34-0.17-5.60-4.44-4.11
Dividend Paid 000-2.26-0.46-1.13-1.88000
Others -0.63-7.51-125.11-73.06-23.1619.632.01-1.07-1.07-1.07
Net Cash Flow -8.77-3.211.290.04-1.81-7.36-0.0310.53-5.01-4.84

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.8310.197.718.349.226.282.645.480.611.9
ROCE (%)10.5214.8415.6820.0616.7614.311.2111.917.465.85
Asset Turnover Ratio2.522.672.132.452.3320.093.220.680.51
PAT to CFO Conversion(x)7.673.179.296.712.741.260.94-2.198.5519.01
Working Capital Days
Receivable Days5661705957611,311167066
Inventory Days2123342832451,0741066135
Payable Days10686713476389

Kkalpana lndustries (India) Ltd Stock News

Kkalpana lndustries (India) Ltd FAQs

The current trading price of Kkalpana lnds. (I) on 05-Dec-2025 15:23 is ₹10.08.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Kkalpana lnds. (I) stood at ₹93.60.
The latest P/E ratio of Kkalpana lnds. (I) as of 04-Dec-2025 is 85.33.
The latest P/B ratio of Kkalpana lnds. (I) as of 04-Dec-2025 is 2.51.
The 52-week high of Kkalpana lnds. (I) is ₹18.36 and the 52-week low is ₹9.57.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kkalpana lnds. (I) is ₹33.13 ( Cr.) .

About Kkalpana lndustries (India) Ltd

The year was 1977, the PVC industry was beginning to spread its wings. Recognizing this as an opportunity area, the Kalpena Industries made a small beginning the same year in Kolkata. From the very start, the group’s focus was clear. It established a nice for itself in the shoe & cable industries as a quality supplier of PVC compounds. After that, there was no looking back. The Group charted an aggressive strategy for growth through capacity expansion and diversification action.

Within just seven years from start of operations, Kalpena established a modern unit at Daman for the manufacture of PVC compounds. Sustained growth over the next decade necessitated another round of expansion in 1994, when the group set up a second unit in Daman. This state-of-the art plant employed the latest process technology to manufacture XLPE compounds.

Having established itself as a leader in PVC compounding, the group realized that its core strength was in “Compounding” and thus decided to look beyond PVC by setting up units to manufacture specialty compounds like Silance and Preoxide based XLPE, zero halogen FRLS, NBR/PVC, anti-fibrication, semi-conductive, automotive, cross linkable EVA foam compound and also additive master baches for both National and International markets. Further the group is diversifying into manufacturing of primary and secondary plasticizer and Engineering Plastic Compounds.

The company has very recently commissioned new Buss Ko Kneader to manufacture XLPE compound for Medium Voltage cables upto 33KV. It is first Indian manufacturer to produce this product in the country. This will result into import substitution. Very recently, it has very successfully launched PPR compound for Pipe and fittings.

Product range of the company includes:

PVC Compounds  

  • Insulation
  • Sheating
  • Insulation and Sheating for Flexible Cables, Thin Cables, Flat Cables, Heat Resistant Cables, Flame Retardent & Low Smoke Cables, Oil Resistant Cables

PE Compounds 

  • Silane Grafted XLPE Compounds  (LT / LTABC / FR / SELF CURE / MV)
  • XLPE Compounds for Vulcanization line
  • PE Jacketing
  • Zero Halogen FRLS Compounds
  • XLPE Compounds for Vulcanization line
  • Cable Insulation (upto 36 KV).
  • Telephone Cables.
  • Flame Retardent & Low Smoke Cables.
  • Medium Voltage Cables (33 KV).

Footware Compounds  

  • PVC
  • Compact & Micro cellular
  • Shoe sole, Complete Shoe, Slipper / Sandal.
  • TRA
  • Glossy, Matt, Semi - matt Transparent & colour
  • Unit sole, Heel, Mid sole.
  • PVC / NBR
  • Compact & Micro-cellular
  • Shoe sole, Complete Shoe.
  • EVA
  • Cross linked Foam
  • Slipper / Sandal.

Pipe Compounds

  • PPR
  • PEX

Recent developments

Kalpena Industries members at the Extra Ordinary General Meeting (EGM) of the Company held on April 26, 2009, have approved the increase of Authorized Share Capital from existing 12 crore to 15 crore by creating additional 30,00,000 Equity Shares of Rs 10 each. (Ordinary).

The EGM also approved the issue of 9,50,000 Compulsory Convertible Debentures (CCDs) by way of Preferential allotment to (i) Banyan Tree Growth Capital LLC. (BTGC) (ii) Financierings Maatschappij Voor Ontwikkelingslanden N V (FMO) at a price of Rs 93.15 per CCD, subject to the approval of Stock Exchange and other regulatory authorities.

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